News & Media 24th Jun 2024
The 53rd GST Council meeting announced key decisions providing significant relief to the reinsurance and general insurance industry. No tax will be levied on co-insurance premiums and reinsurance commissions, classifying co-insurance premiums as “no supply” under GST law.
Our Partner Stella Joseph shares her views with ET NOW’s Anurag Shah in the article ‘No tax…’ – This is how 53rd GST Council Meeting brought BIG relief to insurance sector‘ on the impact on the insurance sector.